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TURKEY'S KORDES GLOBAL ACQUIRES BRANTA MULIA.

AsiaPulse News

| January 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Jan 1 Asia Pulse - Kordes Global of Turkey had acquired 51.29% of publicly listed tire cord producer PT Branta Mulia at a price of around US$51 million, an official of the Indonesian company said.

Branta Mulia Director Andry Pribadi told the Jakarta Stock Exchange (JSX) that Kordes had bought the shares on Dec 22 from a number of its shareholders.

Pribadi said that according to plan, the new majority shareholder would soon make a tender offer for the shares still held by other shareholders, ...

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Source: HighBeam Research, TURKEY'S KORDES GLOBAL ACQUIRES BRANTA MULIA.

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